TOWN OF CHERAW COMMUNITY DEVELOPMENT CORPORATION

EIN: 270449072 501(c)(3) Community Improvement

CHERAW, SC

Total Revenue
$-4,390
Total Expenses
$81,487
Total Assets
$16,782
Net Assets
$4,285
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
SC
Principal Officer
WALLACE FUNDERBURK
Phone
8435378400
Tax Period
2020-07-01 to 2021-06-30

TOWN OF CHERAW COMMUNITY DEVELOPMENT CORPORATION, founded in 2009, is a micro nonprofit in the Community Improvement sector that reported $4K in total revenue in fiscal year 2020. Revenue fell 129% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE DEVELOPMENT IN THE TOWN OF CHERAW.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-13,735
Other Revenue $9,345
TOTAL REVENUE $-4,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $50
Program Expenses $78,337
Other Expenses $81,487
TOTAL EXPENSES $81,487

Year-over-Year Comparison

2020 2019 Change
Revenue $-4,390 $15,270 -1.3%
Expenses $81,487 $56,929 +0.4%
Net Income $-85,877 $-41,659 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALLACE FUNDERBURK PRESIDENT 1.00
Officer
$0 $0 $0
JOHN K MELTON SECRETARY 0.25
Officer
$0 $0 $0
JIM CRAWFORD TREASURER 0.25
Officer
$0 $0 $0
ANDY INGRAM BOARD MEMBER 0.25
Director
$0 $0 $0
ROBBY BENNETT BOARD MEMBER 0.25
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $-4,390 $81,487 $16,782 $-85,877
2020 $15,270 $56,929 $124,962 $-41,659
2019 $186 $6,471 $131,821 $-6,285
2018 $246,786 $222,256 $138,106 $24,530
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